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Facility Management Market 2019 Top Key Players, Trends, Competitive And Regional Forecast To 2022

The report on the global Facility Management market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Market Highlights:

The facility management is the process of managing multiple disciplines and operations of an organization and ensures smooth functionality of the built environment. It integrates people, place, process, and technology and assist the company to focus on its core competencies. Its core competencies include communication, environment sustainability, finance & business, leadership strategy, operation & maintenance, project management, property management, and technology management. Facility management provides various benefits over traditional approach namely it enables cost effective working processes within the business, motivates smart working by implementing smart IT systems, integrate business related information on one platform, and maintains complete compliancy of an organization. With these benefits, the business owners are able to analyze insights for their provided facilities and can make more informed decisions.

The major growth drive of facility management market is changing work culture in the organization which is demanding for efficient facility management services. Other factors such as increasing cloud technology market, growing trend of outsourcing facility management operations, increasing commercial real estate properties and growing focus on building asset & space management system by an organization is expected to drive the facility management market in the upcoming future.

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Major Key Players

IBM Corporation (U.S.),
Oracle Corporation (U.S.),
SAP SE (Germany),
EMCOR group, Inc. (U.S.),
Aramark Corporation (U.S.),
FM System, Inc. (U.S.),
CA Technologies, Inc. (U.S.),
Accruent, LLC (U.S.),
Interserve Plc. (UK),
Trimble, Inc. (U.S.)
Market Research Future (MRFR) has published a report asserting the Global Facility Management Market is anticipated to expand at a CAGR of over 13 % during the forecast period of 2016-2022.

Market Drivers:

The increasing demand for efficient facility management services due to the changing work culture in the organizations is one of the major factors driving the global facility management market. Inclination towards the adoption of cloud-based services and the growing trend of outsourcing facility management services is fuelling the growth of global facility management market. Increasing collaboration of local facility management service providers with international players is creating new opportunities for facility management market on a global level. The growing focus on building assets and space management systems by organizations, increasing number of commercial real estate properties, rising demand for reduced operational cost in order to pin more focus and investment in the core services of the companies are some of the major factors that are causing the global facility management market to bolster in the forecast period. The brisk development of various sectors such as healthcare, manufacturing, IT and telecom, educational, government, manufacturing, real estate and others, is fuelling the expansion of the global facility management market.

Regional Analysis:

Geographically, the global Facility Management Market is segmented into North America, Europe, Asia-Pacific (APAC) and Middle East and Africa. The global facility management market is anticipated to be dominated by North America due to the high adoption of advanced technology by manufacturing and IT sector in this region. The growing demand for support and maintenance services for plant maintenance and fabrication by manufacturing industries is driving the facility management market in the European region. The changing work environment and rising number of outsourcing companies are causing the expansion of facility management market in the Asia-Pacific region. Increasing demand for cloud-based services by education and other sectors is projected to augment the market of facility management in this region.

Segmentation:

Global Facility Management Market can be segmented as follows:

Segmentation by Services: Project Management, inventory management, maintenance management, operation management, and others.

Segmentation by Deployment: on-premise and cloud.

Segmentation by End-Users: Healthcare, Education, Retail, Manufacturing, Real estate, BFSI, Government, IT & telecom and others.

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Target Audience:

Facility management providers
Managed service providers
Cloud and network service providers
Training and consultancy
Application developers
Integrated service providers
Database vendors
Small & large enterprises
End users
Technology investors
IT vendors
LIST OF TABLES

TABLE 1 GLOBAL FACILITY MANAGEMENTMARKET, BY SERVICES

TABLE 2 GLOBAL FACILITY MANAGEMENTMARKET, BY DEPLOYMENT

TABLE 3 GLOBAL FACILITY MANAGEMENT DISPLAYMARKET, BY END-USER

TABLE 4 GLOBAL FACILITY MANAGEMENT DISPLAYMARKET, BY REGIONS

TABLE 5 NORTH AMERICA FACILITY MANAGEMENT DISPLAYMARKET, BY SERVICES

TABLE 6 NORTH AMERICA FACILITY MANAGEMENTMARKET, BY DEPLOYMENT

Continued……

LIST OF FIGURES

FIGURE 1 RESEARCH PROCESS

FIGURE 2 GLOBAL FACILITY MANAGEMENT DISPLAYMARKET: BY SERVICES (%)

FIGURE 3 GLOBAL FACILITY MANAGEMENTMARKET, BY DEPLOYMENT (%)

FIGURE 4 GLOBAL FACILITY MANAGEMENT DISPLAYMARKET: BY END-USER (%)

FIGURE 5 GLOBAL FACILITY MANAGEMENT DISPLAYMARKET: BY REGION

Continued……

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